Chedid Re named best reinsurance broker in KSA

Chedid Re won the best reinsurance broker award at the Arabian Business KSA Awards on Feb. 19.
Updated 22 February 2018
0

Chedid Re named best reinsurance broker in KSA

Chedid Re, a company of Chedid Capital Holding — one of the top 20 reinsurance brokers in the world, and the only Arab Lloyds Broker — won the best reinsurance broker in Saudi Arabia award at the Arabian Business Awards for outstanding success and innovation in the reinsurance industry.
Held on Feb. 19, the 2018 Arabian Business KSA Awards honored top individuals and companies that have delivered success, innovation and excellence, as well as those that have made a vital contribution to the vibrancy of business within Saudi Arabia and across the region.
The crowning of Chedid Re for the award reinforces the company’s market-leading status in the Kingdom. The company, in collaboration with multiple capacity providers, and fueled by ongoing market research and exposure, has successfully created a range of innovative bespoke re-insurance solutions and services for companies in Saudi Arabia.
Elie Abi Rached, CEO of Chedid Re KSA, said: “We are delighted and honored to be awarded by highly-acclaimed Arabian Business Awards. The nomination is a testament to Chedid Re’s excellent business reputation, effective management, and sustainable performance. Chedid Re has always been at the forefront of implementation of quality management measures in its day to day operations, which is reflected in its strong performance over the years.
“We would like to share this award with our clients, as we remain committed to servicing them with transparency and efficiency. By targeting the best practices that position our business to qualify for awards, we have optimized our company’s performance and established a culture of achievement that promotes sustainable growth.”
He added: “Saudi Arabia’s insurance market is the biggest in the region and remains poised for further rapid growth in the years to come, as the economy expands and diversifies, leading to greater demand for reinsurance products and higher rates of affordability from the enormous potential consumer market under the guidance and supervision of the Saudi Arabian Monetary Agency. We will continue this journey with a firm strategy, and keep providing Saudi recruits continuous training and career advancement opportunities to develop their skills, attracting local talent and building a Saudi national workforce of high potential to be capable of leading Saudi Arabia’s reinsurance business today and in the future.”


New J-Clinic to harness machine learning tech

Updated 25 September 2018
0

New J-Clinic to harness machine learning tech

MIT and Community Jameel, the social enterprise organization founded and chaired by Mohammed Abdul Latif Jameel ‘78, launched the Abdul Latif Jameel Clinic for Machine Learning in Health (J-Clinic) on Tuesday. This is the fourth major collaborative effort between MIT and Community Jameel.
J-Clinic, a key part of the MIT Quest for Intelligence, will focus on developing machine learning technologies to revolutionize the prevention, detection, and treatment of disease. It will concentrate on creating and commercializing high-precision, affordable, and scalable machine learning technologies in areas of health care ranging from diagnostics to pharmaceuticals, with three main areas of focus:
l Preventative medicine methods and technologies with the potential to change the course of non-infectious disease by stopping it in its tracks.
l Cost-effective diagnostic tests that may be able to both detect and alleviate health problems.
l Drug discovery and development to enable faster and cheaper discovery, development, and manufacture of new pharmaceuticals, particularly those targeted for individually customized therapies.
J-Clinic’s holistic approach will utilize MIT’s expertise in cellular and medical biology, computer science, engineering, and the social sciences, among other areas.
“The health care system has no shortage of data,” said MIT President L. Rafael Reif. “But it has far too little access to the kinds of tools and experts who can translate population-level data into clinical insights that could make it possible to tune care precisely for individuals. Building on MIT’s deep expertise in fields from cancer to neuroscience, and our longstanding connections to Boston’s world-class medical community, J-Clinic offers an accelerated path to creating new technologies that could help make health care more effective everywhere — from villages in developing nations to major teaching hospitals.”
“The J-Clinic will positively impact the world by accelerating the creation of machine learning technologies and algorithms that will make preventing, detecting, and treating disease more precise, affordable, and personalized,” said Anantha P. Chandrakasan, dean of the MIT School of Engineering, and Vannevar Bush, professor of electrical engineering and computer science, who will serve as J-Clinic’s chair. “It will be a truly multifaceted effort that amplifies synergies between the life sciences and the latest research in human and machine intelligence. J-Clinic will inspire innovation for the betterment of humanity.”
“Channeling MIT’s machine learning expertise into health care will transform medical outcomes for people around the world,” said Fady Jameel, president of Community Jameel International. “Health care has been an important sphere of activity for Community Jameel since our earliest days, from founding the first nonprofit hospital for physical rehabilitation in Saudi Arabia, to partnering with the King Salman Center for Disability Research. J-Clinic continues our journey of supporting cutting-edge research and driving innovation in health care, in Saudi Arabia and around the whole world.”